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Updated about 7 years ago,
Advice for a Newbie and his first potential property
Hi I just put an offer on my first multifamily and am waiting for a response. I am interested in long term holding and passive income. I have a few related questions, this deal will be FHA, but do I do a 30 year loan to maximize cash flow or do I do a shorter loan to get it paid off quicker? Any other advice for a new guy will be appreciated as I dont have any experience and this is all new to me.
Thank you!